Saudi Arabia: Pump For Liquid Market 2024

Pump For Liquid Market Size in Saudi Arabia

The Saudi pump for liquid market rose to $X in 2021, increasing by 3.2% against the previous year. Overall, consumption, however, saw significant growth. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Pump For Liquid Production in Saudi Arabia

In value terms, pump for liquid production amounted to $X in 2021 estimated in export price. In general, production showed a buoyant increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by 64% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Pump For Liquid Exports

Exports from Saudi Arabia

In 2021, approx. X units of pumps for liquids and liquid elevators were exported from Saudi Arabia; with a decrease of -22.3% compared with the previous year. Over the period under review, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 178%. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, pump for liquid exports fell to $X in 2021. In general, exports showed a mild reduction. The pace of growth was the most pronounced in 2020 when exports increased by 105%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Yemen (X units) was the main destination for pump for liquid exports from Saudi Arabia, with a 59% share of total exports. Moreover, pump for liquid exports to Yemen exceeded the volume sent to the second major destination, the United Arab Emirates (X units), fourfold. Oman (X units) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume to Yemen totaled +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+27.8% per year) and Oman (+35.7% per year).

In value terms, the largest markets for pump for liquid exported from Saudi Arabia were Kuwait ($X), the United Arab Emirates ($X) and Bahrain ($X), together comprising 60% of total exports.

Kuwait, with a CAGR of +51.3%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pump for liquid export price stood at $X per unit in 2021, rising by 18% against the previous year. Overall, the export price recorded a strong expansion. The pace of growth appeared the most rapid in 2014 an increase of 90%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($X per unit), while the average price for exports to Yemen ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+41.3%), while the prices for the other major destinations experienced more modest paces of growth.

Pump For Liquid Imports

Imports into Saudi Arabia

In 2021, supplies from abroad of pumps for liquids and liquid elevators decreased by -39.3% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 345% against the previous year. As a result, imports attained the peak of X units, and then contracted remarkably in the following year.

In value terms, pump for liquid imports expanded notably to $X in 2021. In general, imports saw a drastic downturn. The growth pace was the most rapid in 2013 with an increase of 18%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of pump for liquid to Saudi Arabia, accounting for a 71% share of total imports. Moreover, pump for liquid imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), ninefold. The third position in this ranking was held by Japan (X units), with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +30.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+22.9% per year) and Japan (+11.8% per year).

In value terms, the United States ($X), China ($X) and Germany ($X) appeared to be the largest pump for liquid suppliers to Saudi Arabia, with a combined 42% share of total imports.

China, with a CAGR of +7.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average pump for liquid import price amounted to $X per unit, growing by 77% against the previous year. In general, the import price, however, faced a sharp downturn. The growth pace was the most rapid in 2017 when the average import price increased by 103%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+33.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform